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In a message dated 1/26/00 12:22:07 PM Eastern Standard Time, CalaxCorp
writes:
<< Ben,
Excellent example in your post.
Could you also give us the strategy in case the future price drops?
Would you just let the protective put keep the loss small and sell the call?
Or would you "roll" the put and call down also?
An example again would be very much appreciated.
Thank you in advance,
Bill
>>
Hi
when price goes under the 50 and 55 day expo m/a
i close 25% of my long but stay short the calls and long the puts
and when prices close under the 89 hours expo m/a i close 50% of longs
(i use a continues contract for the numbers)
and last 50% of longs when under the 89days expo m/a
sell short same day!!
(now buy calls for the amount of short futures)
hope this helps
Ben
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